The DJIA Index lost 195 points Thursday, fueled by disappointing economic data and earnings reports. Biotech stocks were a major drag on the Nasdaq, with the Nasdaq Biotech Index falling 3%.
The price of oil per barrel rallied higher toward $60 today. The month-long surge in oil prices inspire confidence that Brent and WTI will continue to rise to new yearly highs.
Here are the day’s top stories, plus top stocks to watch...
There's a high-tech stock that we'd like you to steer clear of. This one isn't a true growth stock.
In fact, it's not even a good foundational play that you can count on to give your portfolio solid support.
Here's why you should avoid it at all costs
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Currently, uranium prices are creeping upwards after bottoming out mid-year 2014.
If you're an investor who thinks mostly of coal and oil in regards to the energy sector, consider giving uranium a chance.
by Jim Bach
Rumors that a big tech player is ponying up funds for a salesforce.com acquisition give the financial media a lot to talk about.
Who will buy Salesforce.com Inc. (NYSE: CRM)? Right now the Wall Street media circus is in full swing trying to find an answer.
Here's why that's all noise...
by Tara Clarke
Saudi King Abdullah bin Abdulaziz passed on Jan. 22, 2015 at age 90. His death triggered the biggest challenge to the Saudi dynasty in 50 years…
You see, the founder of the Saudi state, King Abdulaziz ibn Saud, decreed only that his first son would inherit the throne. Over the six decades that have followed King Abdulaziz ibn Saud's rule, succession has passed from brother to brother, almost always in order of their age.
But the last of the current line of 35 brothers will soon die out completely.
by Alex McGuire
The price of oil per barrel continues to rally toward $60 today (Thursday).
The month-long tear inspires bullish hope that oil prices will keep punching through the ceiling to new yearly highs.
Here's why oil is headed toward the $80 range by the end of the year...
China gold reserves have been secret for six years.
We know two things: China has been amassing the yellow metal, and that with enough of it, China could take down the U.S. dollar.
According to new Bloomberg Intelligence estimates, China may reveal its figures as soon as next month.
Here's the whole story behind China gold reserves and its hold over the U.S. dollar
The Alibaba earnings date is set for May 7, and the company is expected to report earnings per share (EPS) of $0.43 and revenue of $2.78 billion.
But with the Alibaba Group Holding Ltd. (NYSE: BABA) earnings date just around the corner, some investors are worrying the stock could continue to fall.
But according to Money Morning experts, Alibaba stock is one of the best long-term buys on the market despite the recent hiccups.
Investors are again worried about a biotech bubble as biotech stocks take another big hit this week.
Since April 23, the Nasdaq Biotechnology Index has dropped 6.8%. During the same time, the S&P Biotechnology Industry Index is down 8.5%.
But this is not a biotech bubble we're seeing...
by Alex McGuire
Investing in oil can be a daunting venture for both professional and individual investors.
But prices are expected to be in the $60 to $73 range by mid-July – meaning now is the perfect time to jump into the oil trade.
Here are two different ways to begin investing in oil as it moves higher in 2015...
